It was the one thing everyone knew the Labour party would do if they were in government: levy VAT on private school fees. Now, following the Chancellor’s address to Parliament on 29 July 2024, we finally have the details. VAT will apply to the provision of education or vocational training by a private school and the provision of ‘closely-related’ board and lodging with effect from 1 January 2025. Anti-forestalling provisions catch payments received on or after 29 July 2024, and there is no guarantee that payments made before that date will escape HMRC scrutiny.
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It was the one thing everyone knew the Labour party would do if they were in government: levy VAT on private school fees. Now, following the Chancellor’s address to Parliament on 29 July 2024, we finally have the details. VAT will apply to the provision of education or vocational training by a private school and the provision of ‘closely-related’ board and lodging with effect from 1 January 2025. Anti-forestalling provisions catch payments received on or after 29 July 2024, and there is no guarantee that payments made before that date will escape HMRC scrutiny.
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